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The International Centre for Investigative Reporting (ICIR) is reporting that the World Bank would be pumping $500 million as grant into basic education in five states of Nigeria in the next five years.
The information officer of the Universal Basic Education Commission (UBEC), Helen Okoro, said this in a statement released on Thursday, September 8, 2016, in Abuja, Nigeria’s capital city.
The World Bank is to assist five Nigerian state with $500 million education grant
Quoting Olatunde Adekola, the head of the World Bank International Reconstruction and Development team, Okoro said the fund was meant for the Global Partnership for Education (GPE) which was established to improve access to quality education at the basic level in Kano, Kaduna, Jigawa, Sokoto and Katsina states.
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The statement said: “Five hundred million dollars has been set aside as Global Partnership for Education (GPE)/ Nigerian Partnership for Education Project (NIPEP) to fund education in the five beneficiary states of Jigawa, Kano, Kaduna, Katsina and Sokoto.”
The statement said Adekola praised the federal government for the NIPEP project adding that this was the first time the government would focus on strategies to move the basic education sub-sector forward.
A school in the Makoko area of Lagos state
According to the statement, the $2.5 billion credit that the federal government requested from the World Bank to finance the 2016 budget could only be released after fulfilling certain conditions.
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The statement further quoted the executive secretary of UBEC, Hamid Bobboyi, as promising the World Bank that the government is committed commitment to repositioning basic education in the country.
The World bank had often assisted Nigeria, a country currently reeling in economic recession, with loans and grants for various projects.
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